Question : Which of the following is not the feature of a project? 1 Constrained by limited resources 2 Planned, executed and controlled 3 Creates unique product or service 4 May be ongoing and repetitive Question : Which of the following statements about a Project Plan is inaccurate?

1 Project Management plan content will vary depending on the application area and complexity of the project. 2 Project plan includes several other subsidiary plans 3 Project plan can change over time as more information becomes available - the plan is updated and revised through the Integrated Change Control process 4 The project management plan documents the collection of outputs of the execution processes of the Execution Process Group Question : As a project manager, you are aware that estimating schedule activity costs involves developing an approximation of the costs of the resources needed to complete each schedule activity.

In approximating costs, the estimator considers the possible causes of variation of the cost estimates, including risks. Cost estimating includes identifying and considering various costing alternatives. For example, in most application areas, additional work during a design phase is widely held to have the potential for reducing the cost of the execution and product operations.

The cost estimating process considers whether the expected savings can offset the cost of additional design work. Cost estimates are generally expressed in units of currency to facilitate comparisons both within and across projects. Cost estimates can also benefit from refinement during the course of the project to reflect on the additional detail available.

For your project, which is in the initial phases, your team suggested a rough order of magnitute estimate - this could be in the range of :

1 -75 to +125% 2 -50 to +100% 3 -25 to +50% 4 None of the above Question : You recently took over a large project from another project manager who had to leave for a personal emergency. You want to understand what kind of information should be provided to different stakeholders, and the what methods should be used to provide this information. You will find this information in the :

1 Communications Management Plan 2 Performance Reports 3 Project Records 4 Communication Plan Question : You are considering whether to buy or make a software product.

* If you buy, the cost is $ 80,000 and the cost of procurement and integrating in your company is $ 1000* If you want to build yourself, the product will require 7 software engineers working 3 months. Salary of each software engineer is $ 4,000 per month. The overhead costs apportioned to the project will be $ 2,000.

Which option will you choose? 1 Buy 2 Build 3 Neither build nor buy 4 Need more information about the suppliers before making a decision Question : Scope Verification is the process of obtaining stakeholder`s formal acceptance of the completed project scope and associated deliverables. In this context, which of the following statements relating to Scope Verification is correct?

1 Scope verification is similar to Quality Control. 2 Quality control is generally performed before scope verification, but these two processes may also be done in parallel 3 Scope Verification indicates the end of a project. 4 Scope Verification is the final sign-off from the sponsor and customer Question : When all customer requirements for the product of the project are satisfied,

1 Customer expectations are exceeded 2 Costs may be very high 3 Quality criteria are met 4 The product will be successful in the market. Question : You are in the process of developing options, and determining actions to enhance opportunities and reduce threats to the project`s objectives. What should you be doing next? 1 Determining which risks might affect the project and documenting their characteristics 2 Identifying, analyzing and planning for newly arising risks 3 Deciding how to approach and conduct risk management activities for the project 4 Assessing the priority of identified risks using their probability of occuring

Question : You are in the process of developing options, and determining actions to enhance opportunities and reduce threats to the project`s objectives. What should you be doing next? 1 Determining which risks might affect the project and documenting their characteristics 2 Identifying, analyzing and planning for newly arising risks 3 Deciding how to approach and conduct risk management activities for the project 4 Assessing the priority of identified risks using their probability of occuring Question : You are in the process of developing options, and determining actions to enhance opportunities and reduce threats to the project`s objectives. What should you be doing next?

1 Determining which risks might affect the project and documenting their characteristics 2 Identifying, analyzing and planning for newly arising risks 3 Deciding how to approach and conduct risk management activities for the project 4 Assessing the priority of identified risks using their probability of occuring Question : In your new company, you realize that some of the financial statements of the company do not follow US GAAP Accounting Standards and are hence inaccurate. In this case, what should you do first? 1 Inform the US government agencies of the inaccurate accounting practices in the company 2 Talk to your finance managers about why you think that they may be violating the standard accounting standards 3 Since you are new to the company, you assume that finance standards are different in the company - hence do not do anything about the issue 4 Talk with finance manager in your previous company to get expert opinion about accounting standards in the new company Question : The difference of a milestone chart as compared with a bar chart when making presentation to top management is that unlike bar charts, milestones:

1 Show activity start and end dates 2 Show dependencies among tasks 3 Only identify the scheduled start or completion of a major deliverables, and not all the tasks 4 Show supporting details

Question : Your organization has to follow some guidelines and policies while recruiting people to the company. From your project perspective, these guidelines and policies will be considered to be:

1 Regulations 2 Best practices 3 Assumptions 4 Constraints Question : Your project stakeholder has asked you to create a Financial plan for your project. Preparing a financial plan will require: 1 Program Management skills 2 Industry specific skills 3 Financial Subject Matter Expertise 4 Both Project Management and Industry specific skills Question : You are managing a contract which has outsourced software development for microprocessor design to a vendor. Since this field is rapidly evolving, you know that you should be able to manage changes to the contract. The paperwork, tracking systems, and approval levels for authorizing changes should be documented in:

1 Contract Change Control System 2 Inspections and Audits 3 Performance Reporting 4 Several systems including Records Management, Claims Administration System, Performance Reporting System etc. Question : In your construction project, the CPI is 1.30 and SPI is 0.85. What could be the potential reason ? 1 A critical resource went on sick leave for a long period of time, which had not been anticipated earlier. 2 The cost of raw materials required for construction increased 10% 3 You had not taken into account inflation rate. 4 There was 4 days waiting time in the curing of cement, and work could not be done during that time Question : In an appropriate communication model between a sender and receiver, all the following statements are correct EXCEPT: 1 Noise should be minimized 2 Receiver must decode and reply back to the message 3 Receiver should acknowledge and agree with the message sent by the sender 4 All the statements mentioned above are true

Question : You would like to obtain information, quotations, bids, offers or proposals from sellers as part of "Request Seller Responses" process. Which is the best thing to do during this process?

1 Determine whether a product should be outsourced or manufactured in-house 2 Ensure that prospective sellers clearly understand the technical and contract requirements 3 Clarify on the structure and requirements of the contract, before sign-off 4 Prepare an independent estimate to check the proposed price of the different sellers Question : A Work Breakdown Structure numbering system 1 Determines the complexity of the project 2 Determines the level at which individual WBS elements are found 3 Helps in automating the WBS using appropriate software 4 Presents justification for the project Question : Quality control involves monitoring specific project results to determine if they comply with relevant quality standards. To evaluate Quality Control outputs, the project team should definitely have a working knowledge of:

1 Prevention and Inspection 2 Sampling and Probability 3 Special Causes and Random Causes 4 Tolerances and Control Limits Question : In your project, you can use all the following Tools and Techniques for Risk Response Planning EXCEPT: 1 Strategies for negative risks or threats 2 Contingent response planning 3 Strategy for threat and opportunities 4 Strategy for residual risks

Question : You had worked as a project manager in a firm specializing in making semiconductor chips. Now that you are working with a competitor, 1 You should not be using the knowledge gained in the first company to improve the competitor`s product 2 You can use the knowledge gained in the first company to improve the competitor`s product 3 Before doing anything which may adversely impact prospects of the first company, you should get their approval 4 You should do nothing which provides competition to or undermines the products of the first company

Question : Please refer to the diagram given below: (all units are in days)

What is the project float if management wants to do this project within 10 days? 1 0 days 2 - 4 days 3 2 days 4 Cannot be determined because information in the question is inconsistent Question : As a project manager, you advocate active participation of your team members - this is because you believe in: 1 Theory Y (McGregor Model) 2 Theory X (McGregor Model) 3 Maslow`s hierarchy of needs 4 Referent power Question : Which of the following statement(s) about project customer and project sponsor is(are) correct? 1 Along with the customer, the sponsor threshold for risks should be taken into account 2 Along with the customer, this sponsor may provide key events, milestones, and deliverable due dates 3 Along with the customer, the sponsor formally accepts the product of the project. 4 All of the above.

Question : You are the Project Manager for a construction project and there are 121 people reporting to you. Your job requires that you sanction work to others and ensure that the work is done at the right time. The tool you use is: 1 Work Breakdown Structure 2 Work Authorization System 3 PERT/CPM/Network Diagrams 4 WBS Dictionaries Question : Your Director is proactive in trying to identify all the projects in his portfolio which are going over budget. For this, he requests every project manager in his group to provide a: 1 Performance Report 2 Cost Management Plan

3 Cost Baseline 4 Performance Measure Question : You recently conducted a variance analysis in your project and were concerned to find out that the project was 25% over-budget. This is a very important issue which you would like to discuss with your project stakeholders. What communication method should you use? 1 War room discussion 2 Face-to-face meeting 3 Formal report 4 Telephone calls and electronic mail Question : A contract where the buyer reimburses the seller for the cost incurred by the seller, and also provides for a fixed amount of profit is also called: 1 Cost Plus Incentive Fee 2 Cost Plus Fixed Fee 3 Time and Material Contract 4 Cost Plus Percentage of cost

Question : One of your tasks as a project manager is to prepare a Scope Statement for your project. The scope statement provides: 1 Authorization to the project manager to use organizational resources for project activities. 2 Documentation of how the project scope will be managed and how scope changes will be integrated into the project. 3 Definition for Work Breakdown structure 4 A documented basis for making future project decisions and for confirming or developing common understanding of the project scope among stakeholders. Question : Determining and delivering the required levels of quality is the responsibility of: 1 Project Sponsor 2 Project Manager / Project Management Team 3 Project Team 4 All Stakeholders in the project Question : You are in the build phase of the project. But it has run into several unanticipated problems. Several risks have surfaced which you had not anticipated earlier. The project is over-budget and behind schedule. What should you do? 1 Create updates to risk response plan 2 Create a revised project plan 3 Perform risk response audits 4 Perform updated risk identification and analysis

Question : Your project is in the planning phase and you are paid every fortnight for the work to be done during the fortnight. You have been informed by the project sponsor that there has been a revaluation of projects within your company and your project will not be getting any additional funding. In this case, you should: 1 Stop Work Immediately and release all resources 2 Perform appropriate closure for the project 3 Decrease team size 4 Remove non-critical tasks to decrease cost Question : Please refer to the figure below:

If these three tasks (i.e. TaskA, TaskB, TaskC) are not part of the critical path of a project, what is the PERT Estimate for the duration of the project? 1 22.5 2 10.33 3 32 4 Cannot be determined Question : You have been given a high priority task that needs to be completed within a short time frame. Since you know what has to be done, you assign tasks to the different team members and tell them when and how the tasks should be done. The management style that you are following is: 1 Directing 2 Laissez Faire 3 Delegating 4 Task-oriented Question : Almost all projects are planned and implemented in social, economic and environmental context, and have intended and unintended positive and/or negative impacts. In this context, the project team should do all the following EXCEPT:

1 Understand how the project affects people and people affect the project. This may require understanding aspects of economic, demographic and educational characteristics of people whom the project affects or who may have interest in the project. 2 Understand the political climate that could affect the project. 3 Always be aware of the physical geography and local ecology where the project is being executed. 4 If having an international team, international factors like time-zone differences, national and regional holidays etc. to be taken into consideration

Question : Managing risks and documenting them is very important in project planning process. You are in the process of defining key risks, including constraints and assumptions, and planned responses and contingencies (where appropriate). These details will be included in the: (choose the best answer) 1 Project Plan 2 Project Baseline 3 Risk response plan 4 Risk Baseline Question : All the following statements relating to Cost Management Plan are accurate except: 1 Specifies the precision level to which schedule activity cost estimates will adhere to 2 Establishes variance thresholds for costs or other indicators 3 Defines formats for various cost reports 4 Specifies preferred tools to be used for cost estimating Question : Stakeholder management refers to managing communications to satisfy the needs of, and resolve issues with, project stakeholders. The responsibility of stakeholder management usually lies with the: 1 Project Management Team 2 Project Manager 3 Project Team 4 Project Manager, Project Sponsor and Project Management Team Question : You have contracted some work to a vendor, and would like to identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts within the performing organization. This can be acheived using a: 1 Procurement Audit 2 Contract File 3 Contract Performance Reporting 4 Lessons Learned Documentation Question : Your project involves manufacturing high-precision engine subassemblies for the shipping industry. You have to perform several activities such as measuring, examining, and verifying to determine whether work and deliverables meet requirements and product acceptance criteria. You would have to do several reviews, product reviews, audits and walkthroughs. These activities are carried out in which process? 1 Scope Verification 2 Quality Inspection 3 Scope Planning 4 None of the above

Question : After Quality Planning, you created an item-specific tool to verify that a set of steps definitely get followed while testing your product. This can also be referred to as a:

1 Checklist 2 Operational Definition 3 Quality Management Plan 4 Design of Experiment Question : You are the project manager in an automobile manufacturing company. Because of heavy rains, the machine parts required in your manufacturing process which a vendor was sending to you, could not reach you in time. You had anticipated this risk and planned for it in your risk response plan. So, as per your risk response plan, you started using machine parts which had been supplied 1 year ago and were not utilized at that time. However, this has subjected your project to a new risk - that the machine parts which were not used for 1 year might be a having higher level of defects.

This new risk can also be called: 1 Unidentifiable Risk 2 Unmanageable Risk 3 Secondary Risk 4 Residual Risk Question : You have been having a lot of heated discussions with your colleague about an issue, and this is resulting in a hostile environment. To "cool-off" this hostile situation, you agree to your colleague`s point of view. The conflict resolution mode that you are using is: 1 Problem Solving 2 Withdrawal 3 Forcing 4 Confrontation

Question : All the following are advantages of GERT (Graphical Evaluation and Review Techniques) as compared with PERT (Project Evaluation and Review Technique) except: 1 Allows looping 2 Allows for dummy tasks 3 Allows branching 4 Allows multiple project end results Question : As a project manager, you are interested in the personal activities of team-members. Other than working with you on the project, the team members love to go out with you for lunch or an occasional game of golf. The power that you have over the team members is: 1 Penalty 2 Expert 3 Legitimate 4 Referent Question : Which of the following is not the responsibility of a project manager in a Matrix Organization? 1 Do resource planning

2 Manage cost and budget 3 Do performance Appraisal of project team 4 Complete task definitions Question : A restriction (e.g. limited budget) that affects the performance of the project is also called: 1 Constraint 2 Assumption 3 Kill points 4 Risk Question : All the following statements about Cost Baseline are correct EXCEPT: 1 It is a time phased budget 2 To measure disbursements, a spending plan can be used as a cost-baseline 3 It is used to measure and monitor project performance 4 All projects have one cost baseline Question : As a project manager, you examine project results over time to determine how project is performing over time. This can be done through: 1 Performance Reviews 2 Variance Analysis 3 Trend Analysis 4 Earned Value Analysis Question : In your new project, you have a critical deliverable to be provided within a short duration of 5 months. Because of the short duration, you do not have the luxury of going through Solicitation Planning and selecting the "best" supplier. So, you decide to do sign a contract with a supplier with whom your company has done some work in the past. The risk you are accepting in this situation is:

1 Ability of supplier to deliver the goods 2 Collusion between the supplier and your team 3 Lack of proper scope definition 4 Lack of a legally binding agreement Question : Your company is constructing a dam and your project (which is being performed under a contract) mandates that you should be paying compensation to any person displaced because of the project. What kind of constraint is this? 1 Social 2 Legal 3 Environmental 4 Humanity Question : After Project Control, Organizational Process Assets are updated. Wherever checklists are used, the completed checlists should become part of the 1 Project`s records

2 Project files 3 Project Quality Management plan 4 Lessons Learned documentation

Question : In your project, there is:* 50% probability for $ 40,000 profit* 50% probability for $ 25,000 lossWhat is the Expected profit in your project? 1 $ 32,500 2 $ 25,000 3 $ 7,500 4 - $ 7,500 (i.e. loss of $ 7,500) Question : You are aware that an employee in your project may potentially get a promotion - however, there is a possibility that he may get transferred after his promotion, thus impacting your project. In this situation, you should: 1 Give a bad recommendation about the person so as to delay the promotion of the person until project is over 2 Inform the employee about the potential promotion, and ask him to transition his responsibilities to another person 3 After the employee gets the promotion and is told of the transfer, you ask him to prepare a transition plan 4 Hire another resource who can replace the person after he gets the promotion Question : In your project, you are in the process of creating an activity list. This should contain all the following EXCEPT: 1 Activities that are not required as part of project scope 2 Activitites that are to be performed as part of the project. 3 Activity identifier and scope of work description for each schedule activity 4 All the above are included in the activity list Question : You are tired of the constant disagreements within your team members regarding some pressing issues. You ask them to stop arguing and do the tasks in a way in which you want them to be done. Your conflict handling approach is: 1 Smoothing 2 Forcing 3 Confrontation 4 Withdrawal

Question : An underlying concept for interaction among the project management processes is the: 1 plan-do-check-act cycle by Shewart and Deming 2 plan for "zero defects" by Philip Crosby 3 design of experiments by Genichi Taguchi

4 cause and effect diagrams by Kauro Ishikawa Question : The organization of the project is very important for successful implementation. Which factor does not have an impact of design of the project organization? 1 Environmental Forces 2 Schedule Limitations 3 Strategic Choices 4 Technological Factors Question : In your project, there have been several changes in the cost and schedule estimates and the original estimating assumptions are no longer valid. What is the Estimate at Complete for your project?* BAC = $ 300,000* AC = $ 100,000* EV = $ 150,000* CPI = $ 1.2* ETC = $ 120,000 1 $ 250,000 2 $ 220,000 3 $ 280,000 4 $ 300,000 Question : In critical negotiations about a contract where you are meeting with two other parties to discuss outstanding issues, you should pay a lot of attention to which form of communication? 1 Oral Formal 2 Oral Informal 3 Non Verbal 4 Written Formal Question : In a fixed price contract, the buyer decides to increase the scope of the work to make the product better. In this case the buyer can do all the following except: 1 Issue a Contract Change Request 2 Start another Fixed Price contract to do the additional work 3 Start another Cost Reimbursable contract to do the additional work 4 Cancel the existing contract, and start a new contract Question : As a project manager, you are responsible for managing changes to the project scope. If during the end of the project, a customer wants to make a major change to the scope of work, you should: 1 Reject the changes 2 Make the required changes 3 Escalate to senior management 4 Let the customer know about the impact of the change

Question : When your completed product was provided to the customer for approval, he was not satisfied with the product`s quality. From a quality perspective, the cost of poor quality can also be referred to as: 1 Cost of non-conformance 2 Failure cost 3 Rework cost 4 None of the above

Question : You had budgeted $ 200,000 in your project as "contingency reserve." Now, when you are 75% through project execution, you notice that the funds in your contingency reserve are down to $ 20,000. To compare the amount of contingency reserves remaining in your project to the amount of risk remaining, you should conduct a: 1 Variance Analysis 2 Trend Analysis 3 Risk assessment 4 Reserve Analysis Question : There have been too many disagreements within two team-members in your project regarding the design of a particular product. You would like to incorporate the best features of the two designs - and want to create an environment that avoids conflicts and emphasis similarities. The conflict-handling mode you would like to emphasize is: 1 Smoothing 2 Compromising 3 Confrontation 4 Withdrawal Question : It is important to identify and document the specific work that is planned to be performed and also identify deliverables at the work package level. This is done as part of: 1 Activity Definition 2 Decomposition 3 Scope Definition 4 Activity Sequencing Question : In your project, you have started doing human resource planning and are studying the Interpersonal relationships among the candidates who are being considered for the project team. Some factors you consider include:- What type of formal and informal reporting relationships exist amongst the candidates for the project team?- What are the candidate`s job descriptions?- What are the supervisor-subordinate relationships?- What cultural or language differences will affect working relationship between team members?- What levels of trust and respect currently exist?All this information will be available as part of : 1 Enterprise Environmental factors

2 Organization hierarchy 3 Informal reporting relationships 4 All of the above Question : Which of the following is not a characteristic of the Project Life Cycle? 1 Risk and uncertainty is highest at start of the project. 2 Ability of the stakeholders to influence final characteristics of the projects product increases as the project continues. 3 The project life cycle definition determines which transitional actions at the beginning and end of the project are included - so, the project life cycle definition can be a link to the ongoing operations of the performing organization. 4 Cost and staffing levels are low at the start, higher towards the end and drop rapidly as the project draws to a conclusion. Question : Which of the following statements relating to Assumptions is inaccurate? 1 They are factors which are considered to be true, real or certain. 2 They affect all aspects of project planning, 3 They are progressively elaborated 4 They limit the project team`s options Question : If cost variance is negative, but schedule variance is positive, then this indicates: 1 Cost and schedule are not dependent on each other 2 The project is under budget and behind schedule 3 The project is over budget and ahead of schedule 4 Crashing may be recommended to make the cost variance positive

Reference: pmstudy.com notes as mentioned abovepmstudy.com comments: Crashing will increase costs, and hence make the cost variance worse

Question : You are interviewing for the position of project manager in the company. What is the most important characteristic you should be looking for in the project manager? 1 Technical Knowledge about the Business 2 Negotiating and convincing skills 3 Communication skills 4 Experience in your organization Question : Your company has defined some Criteria to be used throughout the organization to rate or score proposals. From your project perspective, these will be: 1 Constraints 2 Evaluation Criteria 3 Assumptions 4 Best Practices

Question : Generally accepted methods for translating project objectives into tangible deliverables and requirements is also referred to as: 1 Product Analysis 2 Risk Measurement 3 Alternatives identification 4 Benefit/Cost Analysis Question : In a triple constraint, which of the factors has the most importance (in order of importance)? 1 Scope, Time, Cost 2 Time, Scope, Cost 3 Cost, Time, Scope 4 None of the above

Question : You are an expert in Risk Management, having worked in the field for more than 15 years. Your project is behind schedule and in your project, you are in the process of identifying which risks may affect your project through the risk identification process. In a discussion with your project sponsor, you mention that after the risk identification phase is completed, you would like to directly perform quantitative risk analysis. Your project sponsor cautions you against doing this - he mentions that in a prior project, qualitative risk analysis was conducted after risk identification. In this context, you will : 1 Mention to your sponsor that since you are an expert in risk management, there is no need to do qualitative risk management and the team can directly go to quantitative risk management phase. This will also save time since your project is behind schedule 2 Agree with your sponsor that not doing qualitative risk analysis may mean some risks will remain unidentified and increase the probability of failure in your project 3 Mention to the sponsor that usually in your past experience, qualitative risk analysis usually was a waste of time and not recommended for this project 4 Mention to the sponsor that this is a type of project where qualitative risk analysis is not required. Specific categories of projects do not need qualitative risk analysis

Question : You are doing some work under contract, when the buyer requests you to add some additional requirements which were not defined in the original contract. Since satisfying the buyer is of paramount interest, you go ahead and incorporate the requirements as part of the project. You are violating which Code of Professional Conduct: 1 Responsibility to maintain and satisfy the scope and objectives 2 Responsibility to ensure that a conflict of interest does not compromise legitimate interests 3 Responsibility to provide accurate and truthful representations 4 No Code of Professional Conduct is violated

Question : Since you are in the preliminary stages of your project, you estimate that your project will most probably last 1 year - however, optimistic scenario is that it will get over within 6 months and pessimistic scenario is 18 months. This kind of estimate is also called: 1 Definitive 2 Capital Cost 3 Order of Magnitude 4 Feasibility

Question : Which of the following Organizational chart has a hierarchical format? 1 RACI Chart 2 Organizational Breakdown Structure 3 Work Breakdown Structure 4 Text-oriented chart

Question : You are one of ten full-time project managers in your organization. You all share two administrative persons. There are generally 30 - 40 projects per year that involve about 30% of the organization employees - however, these employees do not report to you although you are their project manager. Your organization can best be classified as: 1 Projectized 2 Balanced 3 Strong Matrix 4 Weak Matrix

Question : While doing quality inspection, few defects were identified in the product. After rectifying the defects, the repaired items were reinsptected and accepted - subsequently, a notification was issued, which is also referred to as: 1 Validated Defect Repair 2 Product Acceptance 3 Quality Audit 4 Approved Change Request

Question : When deciding which project to select, 1 Select project with higher Life Cycle Cost 2 Select project with lower Life Cycle Cost 3 Select project with higher Sunk Cost 4 Select project with lower Sunk Cost Question : In your project, you conducted communications requirements analysis to determine sum of information needs for all stakeholders. You have determined and limited who will communicate with whom and who will receive what information. One factor that you considered while doing communications requirements analysis is that for your project, the number of communication channels : 1 Increases in direct proportion to number of people 2 Decreases in inverse proportion to number of people

3 Increases in exponential proportion when number of people increases 4 None of the above i.e. number of communication channels depends on the type of your project

Question : While obtaining responses from prospective sellers, you mention that you will "Require certified PMPs as project managers for the project." This is an example of: 1 Objective Evaluation Criteria 2 Subjective Evaluation Criteria 3 Procurement Documents 4 Statement of Work

Question : In your project, you use Product Analysis to translating project objectives into tangible deliverables and requirements. All the following tools are used for Product Analysis except: 1 Value Engineering 2 Value Analysis 3 Product Breakdown 4 Benefit/Cost Analysis

Question : Quality management complements project management. It emphasises : 1 Meeting or exceeding customer expectations using additional features 2 Conformance to requirements and fitness for use 3 Decreasing total cost of ownership of the project 4 All of the above

Question : In your project, you have identifed important risks, and planned appropriate responses to the risks. Some risks e.g. possibility of natural disasters has been documented and accepted in your risk management plan. If there are risks that remain after you have taken these steps, then such risks are called:

1 Unidentifiable Risks 2 Residual Risks 3 Secondary Risks 4 Accepted Risks

Question : While implementing your project, a team member brings to your notice, a risk that was not mentioned in the Risk Response Plan. In this case, you should: 1 Accept the risk 2 Perform Additional Risk Response Planning to control the risk 3 Inform the project sponsor 4 Use project contingency

Question : In schedule development, mathematical analysis often produces a preliminary early-start schedule that shows peaks and valleys in the resource requirements. Resource Leveling done to take care of this issue may result in all the following except: 1 Increase in project duration

2 Utilization of weekends, extended hours or multiple shifts 3 Productivity increases by using different technologies and/or methodologies 4 Reduction in project cost Question : In your project, you invest a lot of time in team development to increase the team`s performance, which increases the likelihood of meeting project objectives. Which of the following indicators would you use to evaluate your team`s effectiveness? 1 Improvement in skills of team members 2 Improvement in competencies and sentiments that help the team perform better as a group 3 Decrease in staff-attrition (i.e. fewer people leaving the project team) 4 All the above

Question : Which of the following are not Project Management Knowledge Areas? 1 Project Integration Management 2 Project Procurement Management 3 Project Configuration Management 4 Project Communications Management

Question : You are the project manager of a civil construction company involved with building houses. In your project, you often use Work Breakdown Structures (WBS) from your previous projects as templates. A Work Breakdown Structure can be used for all the following except: 1 Tracking project performance against cost and schedule 2 Creating a network diagram, with task dependencies 3 Creating a project schedule 4 Assigning resources to work on different work elements

Question : Physical Work Actually accomplished is also called 1 Planned Value 2 Earned Value 3 Actual Cost 4 Budgeted Cost for Work Scheduled (BCWS)

Reference: pmstudy.com notes as mentioned abovepmstudy.com comments: Also, please refer to PMBOK page 173

Question : Information distribution involves making information available to project stakeholders in a timely manner. Which of the following tools can you use in the Information Distribution process? 1 Organizational process assets 2 Lessons learned process 3 Performance reporting 4 Communications requirement analysis

Question : You are in the process of determining what types of contracts will be used, whether standardized procurement documents will be needed and how multiple providers will be managed. You should record this information in the: 1 Project plan 2 Procurement document 3 Procurement management plan 4 Proposals

Question : You have created a WBS Dictionary which you can use to: 1 Verify that the deliverables being produced and accepted are included in the approved project scope 2 Determine whether work and deliverables meet requirements and product acceptance criteria 3 Influence the factors that create project scope changes and controlling the impact of those changes 4 None of the above Question : In your project, you are in the process of determining whether the activities being done as part of your project comply with organizational and project policies. This will be done as part of : 1 Inspection 2 Quality Audit 3 Quality Improvement 4 Trend Analysis Question : In risk response planning, you are in the process of developing options, and determining actions to reduce threats to your project`s objectives. When you show the results of your risk response planning to your project sponsor, she is not comfortable with the risks in the project and she suggests that the project scope should be decreased. This is an example of : 1 Inappropriate risk management because it is having a direct impact on your project scope 2 Risk Avoidance 3 Risk Mitigation 4 Risk Transfer Question : As a PMP Certified project manager, you are responsible for all the following EXCEPT: 1 Confidentiality of sensitive information which you have access to 2 Managing conflict of interest situations in your project 3 Integrity of your team-members 4 Refraining from offering and accepting inappropriate payments, gifts and other forms of communication

Question : If you are calculating one early start and early finish for each task, you are using: (choose best answer)

1 PERT 2 CPM 3 GERT 4 PDM Question : In your project, you establish clear expectations regarding acceptable behavior by project team members e.g. managing conflicts, resolving issues, timely attendance in all meetings etc. You believe that early commitment to clear guidelines will decrease misunderstanding and increase productivity. These expectations and guidelines can also be referred to as: 1 Team-building activities 2 Ground rules 3 General management skills 4 Rules of conduct Question : Project Managers have least power in which organization structure 1 Matrix 2 Functional 3 Projectized 4 Balanced Question : During Project Plan Execution, which area will the Project Manager spend least time on? 1 Managing risks 2 Documentation 3 Conflict Resolution 4 Documentation and Planning Correct Choice: 2

Question : A project has the following characteristics:* Payback of $ 2,000* Profit of $ 1,000* Project Cost of $ 800* Life Cycle Cost of $ 1200What is the Benefit Cost Ratio of the project? 1 2.50 2 1.25 3 1.67 4 0.83 Question : You are the project manager of an IT company. You are in the process of creating a collection and filing structure that details what methods will be used to gather and store various types of information. Procedures should also cover collecting and disseminating updates and corrections to previously distributed material. Where will you include this information? 1 Information Retrieval System

2 Information Distribution methods 3 Communications Management Plan 4 Project Records Question : In your company, you are in the process of deciding whether to buy a product or make it in-house. All the following statements related to make-or-buy analysis are correct EXCEPT: 1 Make-or-buy analysis is part of initial scope planning process that can be used to determine whether a particular product can be produced cost effectively by the performing organization. 2 Make-or-buy analysis must take in account the perspective of the performing organization, as well as immediate needs of the project. 3 If the performing organization has an ongoing need for the item, the portion of the purchase cost allocated to the project may be less than the cost of the rental. 4 Buy side of make-or-buy analysis should include both the actual out-of-pocket cost to purchase the product as well as the indirect costs of managing the purchasing process Question : Which of the following is an output of Scope Definition phase? 1 Project Plan 2 Project Scope Statement 3 Corrective Action 4 Alternatives Identification Question : A metric is an operational definition that describes, in very specific terms, what something is and how the quality control process measures it. A measurement is an actual value.

For example, it is not enough to say that meeting the planned schedule dates is a measure of management quality. The project management team must also indicate whether every activity must start on time or only finish on time and whether individual activities will be measured or only certain deliverables and if so, which ones.

Some examples of quality metrics include defect density, failure rate, availability, reliability and test coverage. In this context, quality metrics should be used during: (select the best answer) 1 Quality Assurance 2 Quality Planning 3 Quality Control 4 Quality Assurance, Quality Control

Question : Risk Management Planning is the process of deciding how to approach and plan the risk management activities for a project. It is important to plan for the risk management processes that follow to ensure that the level, type, and visibility of risk management are commensurate with both the risk and importance of the project to the organization. The output of Risk Management Planning is:

1 Risks 2 Risk Management Plan 3 Risk Ranking of project 4 Planning Meetings Question : In a project management context, all the following are Constructive Roles EXCEPT: 1 Information Seeker 2 Recognition Seeker 3 Consensus Taker 4 Information Giver

Question : All the following statements regarding creating of Time Estimates are correct except: 1 Mathematical Analysis like CPM, GERT and PERT indicate the dates in which the activity can be scheduled given resource limits and other constraints. 2 Duration compression techniques including fast tracking and crashing can help in decreasing the project schedule 3 WBS classification allows for useful activity ordering and sorting. 4 The duration of the project is the sum of durations for all the tasks in the project.

Question : As a project manager, you are in the process of creating a listing of all the project team members, their roles and communication information. This information should reside in the: 1 Project Plan 2 Project team directory 3 Performance Reports 4 Responsibility Assignment Matrix

Question : All the following statements related to Progressive Elaboration of projects are true except: 1 Scope of the project can change when product characteristics are progressively elaborated, and project manager must plan for such scope changes. 2 Because the product of each project is unique, characteristics that distinguish the product or service must be progressively elaborated. 3 Requirements are made more explicit as the project team develops a better and more complete understanding of the project 4 Progressive Elaboration is a characteristic of projects that integrates the concept of temporary and unique.

Question : You are in the process of developing a Project Charter for your project and would like to use Organizational process assets as inputs for the purpose. All the following statements about Organizational Process Assets are accurate EXCEPT: 1 Organizational process assets are organized in similar way across different application areas to provide for common ground while comparing similar parameters.

2 Any and all of the assets that are used to influence the project`s success can be drawn from organizational process assets. 3 Organization Process assets represent the learning of the company from previous projects. 4 Organizations involved in the project can have formal and informal policies, procedures, plans, and guidelines whose effects must be considered.

Question : Which of the following projects (i.e. Project A, Project B or Project C) should be selected? 1 Project A with Opportunity Cost of $ 100,000 and investment of $ 1,000,000 2 Project B with Opportunity cost of $ 200,000 and investment of $ 500,000 3 Project B with Opportunity cost of $ 300,000 and investment of $ 3,500,000 4 Cannot be determined with available information

Question : You have a project team of 40 people collocated at Houston, Texas. Email and notes are frequently used to communicate between team members. These are examples of which type of communication? 1 Written Formal 2 Written Informal 3 Oral Formal 4 Oral Informal

Question : "Request Seller Responses" involves obtaining responses(bids and proposals) from prospective sellers on how project needs can be met. Most of the cost for this process is usually paid for by the: 1 project 2 performing organization 3 buyer 4 prospective seller

Question : Decomposition is the subdivision of project deliverables into smaller, more manageable components until the work and deliverables are defined at the work package level. This is a valuable tool for Scope Definition. However, decomposition may not be possible for a deliverable or subproject if: 1 The deliverable or subproject is very complicated 2 The deliverable or subproject is already being produced 3 The deliverable or subproject will be accomplished after a very long time (i.e. far into the future) 4 None of the above : Decomposition of deliverables is always possible

Question : Your company deals with manufacturing bearings for the automobile industry. You already have historical information about the errors and defects that have been identified and you would like to use this information to determine future performance. An appropriate tool which you can use is:

1 Scatter Diagram 2 Statistical Sampling 3 Control Chart 4 Trend Analysis Question : In your project, you just conducted a risk data quality analysis to evaluate the degree to which the data about risks is useful for risk management. What could be a potential next step? 1 Perform a structured review of project plans and assumptions, both at the total project and detailed scope levels 2 Develop checklists for identifying risks based on historical information and knowledge that has been accumulated from previous similar projects 3 Conduct planning meetings to develop the risk management plan 4 Conduct interviews to quantify the probability and consequences of risks on project activities

Question : In your organization, you are the project manager of the engineering department. But if questions related to manufacturing arise, they are passed up to the engineering department head, who consults with the head of the manufacturing department. Once the manufacturing head gets the answers, he passes it the engineering department head, who in turn passes answer back down to you. The organization structure you are working on is 1 Weak Matrix 2 Matrix 3 Strong Matrix 4 Functional

Question : Float is the amount of time an activity can be delayed without delaying the project finish date. It can also be called : 1 Slack 2 Total Float 3 Path Float 4 None of the above Question : You are the project manager for a complicated construction project which involves building highways in the whole state of North Carolina. You have several groups working with you in the project. To plan resources for this project, you should preferably use a/an: 1 Staffing pool description 2 Staffing Management Plan 3 Responsibility Assignment Matrix 4 Organization Matrix Question : Which of the following statement related to Standards and Regulations is not correct?

1 Standard is a document established by consensus and approved by a recognized body 2 Regulations are mandatory but Standards are not mandatory 3 Standards after widespread adoption may become de facto regulations 4 The influence of standards and regulations for a project is always known

Question : Which of the following is not a process for Project Integration Management 1 Develop Project Management Plan 2 Integrated Change Control 3 Direct and Manage Project Execution 4 Manage Project Risks

Question : In your project, you have reason to believe that the current variances occurred because of extraneous factors, and you do not expect similar variances to happen in the future. What should be the Estimate at Complete for your project?* BAC = $ 300,000* AC = $ 100,000* EV = $ 150,000* CPI = $ 1.5 1 $ 250,000 2 $ 220,000 3 $ 280,000 4 $ 200,000

Question : You had 8 people in your project, one more person will be joining next week. You know that once the new person joins, the number of communication channels will increase by: 1 No change in number of communication channels 2 8 3 12 4 20

Question : In your project, the contract statement of work (SOW) describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the item. In this case, "sufficient detail" 1 May vary, based on nature of the item or needs of the buyer 2 Should be at the level of Work Breakdown Structures 3 Should be at the activity level 4 Should be at the level required in proposal

Question : Which of the following tool is used for Scope Verification? 1 Performance Measurement 2 Scope change control system 3 Inspection 4 Earned Value

Question : You are the project manager for a manufacturing company involved with making components for Internal Combustion Engines required for the automobile industry. In the past couple of days, there have been too many defects, and you would like to find out whether unusual events are occurring in your manufacturing process whose causes must be identified and corrected. For this purpose, you should use: 1 Inspection 2 Pareto Charts 3 Statistical Sampling 4 Control Charts Question : In your project, you have identified list of identified risks, list of potential responses and root causes of risks. You should document this information in the : 1 Risk Management Plan 2 Risk Database 3 Project Plan 4 Risk Register

Question : A customer informed you that it is preferable to make a change to a certain aspect of the project. What should you do first? 1 Talk with team members to understand implication of the change 2 Communicate the change to Management to get their inputs 3 Open up a Change Control 4 Do sizing for the change and communicate to customer Question : In your project, you are using Most Likely, Optimistic and Pessimistic activity duration estimates (for activity duration estimating). The technique that you are using is: 1 PERT 2 CPM 3 Parametric Estimating 4 None of the above Question : You are getting project performance information as your project is being executed. Based on the performance information, forecasts are updated and reissued. Some factors that could change as forecasts are updated include: 1 Estimate to complete 2 Estimate at completion 3 Estimate to complete and Estimate at completion 4 None of the above

Question : Quality Audits, Reward and Recognition Systems and Information Gathering and Retrieval Systems are tools for : 1 Executing 2 Controlling 3 Initiating 4 Planning

Question : An Activity has an Optimistic estimate of 10 days, pessimistic estimate of 16 days, most likely estimate of 13 days. Assuming a Normal Distribution, what is the probability that the task will be completed within 10 - 16 days:

1 99.99 % 2 99.73 % 3 95.46 % 4 68.26%

Question : As a project manager, you realize the importance of team development for Project human resource management. Team Development helps in developing individual and group competencies to enhance project performance. All the following are tools and techniques for "Develop Project Team" EXCEPT 1 General Management skills 2 Pre-assignment 3 Training 4 Ground Rules

Question : Webster Dictionary meaning of authority is "power to influence or command thought, opinion, or behavior". As a project manager, your authority is greatly dependent on: 1 Support from Functional Managers 2 Support from Senior Management 3 Influencing and Leading Skills of a Project Manager 4 Organization Structure

Question : As a project manager, you are creating a document that describes the conditions or capabilities that must be possessed by the deliverables of the project to satisfy a contract, standard, specification, or other formally imposed documents. This document will also be referred to as: 1 Product scope description 2 Project Requirements 3 Product Acceptance criteria 4 Project Objectives

Question : According to Maslow`s hierarchy of needs, Economic security is a: 1 Physiological Need 2 Safety Need 3 Social Need 4 Esteem Need Question : Risk management helps in maximizing the probability and consequences of positive events and minimizing the probability and consequences of adverse events to project objectives. Risk Response Planning helps in this context because it: 1 helps in deciding how to approach and plan the risk management activities 2 develops procedures and techniques to enhance opportunities and reduce threats to project objectives 3 determines which risks might affect the project and documents their characteristics 4 monitors residual risks, identifies new risks and executes risk reduction plans

Question : As a Project Manager, Project Plan Development is an important element for managing projects. Which phase of the project management life-cycle does Project Plan Development belong to? 1 Initiation Process 2 Planning Process 3 Execution Process 4 Controlling Process Question : As a Project Manager, Project Plan Development is an important element for managing projects. Which phase of the project management life-cycle does Project Plan Development belong to? 1 Initiation Process 2 Planning Process 3 Execution Process 4 Controlling Process Question : Resource calendars affect a specific resource or category or resources. They reflect how some resources work only during normal business hours, while others work three full shifts, or a project team member might be unavailable, such as on vacation or in a training program, or a labor contract can limit certain workers to certain days of the week. Resource calendars are valuable inputs for: 1 Developing an approximation of the costs of the resources needed to complete each schedule activity. 2 Aggregating the estimated costs of individual schedule activities or work packages to establish a total cost baseline for project performance 3 Searching the cause of positive and negative variances as part of Integrated Change Control process 4 Assuring that potential cost overruns do not exceed the authorized funding periodically and in total for the project. Question : Deliverables are produced as part of a project. Deliverables are any unique or verifiable product, result or capability to perform a service, and are produced to complete a : 1 Process 2 Phase 3 Project 4 Any one of the above Question : Your previous project manager made most decisions by himself without consulting subordinates. So, he believed in a leadership style that was: 1 Laissez Faire 2 Assertive 3 Autocratic 4 Coaching Question : Critical chain is a schedule network analysis technique that modifies the project schedule to account for limited resources. Critical chain combines deterministic and probabilistic approaches. Initially, the project schedule network diagram is build using non-conservative estimates for activity durations within the schedule model, with required dependencies and defined constraints as inputs. The critical path is then

calculated. After the critical path is identified, resource availability is entered and the resource-limited schedule result is determined. The resulting schedule often has an altered critical path. The critical chain method adds non-work schedule activities to maintain focus on the planned activity durations, also referred to as: 1 Duration buffers 2 Resource Leveling 3 Reverse Resource Leveling 4 Crashing Question : You are the project manager in a Matrix organization. So, all your team members report to you and the functional manager of their respective departments. Managing this dual relationship is always a challenge and should generally be the responsibility of : 1 Project Manager 2 Functional Manager 3 Project Manager and Functional Manager 4 Program Manager Question : While managing projects, negotiating helps in conferring with others to come to terms with them or reach an agreement. A form of Assisted Negotiation is 1 Arbitration 2 Problem Solving 3 Regulation 4 Compromising Question : Your Management is evaluating a project which requires an investment of $ 500,000. The expected inflow is $ 100,000 for 1st year, and $ 300,000 for every year after that. What is the payback period? 1 2 years 2 2 years, 4 months 3 3 years 4 Cannot be determined because Discount Rate is not specified Question : You are trying to determine what cost and schedule trade-off will be most appropriate for your project. You have the option to select either a more experienced person at $ 120 per hour who can do the task in 45 days or a less experienced person at $ 80 per hour who can do the same task in 65 days. A tool you can use to facilitate making the decision is: 1 Cost of Quality 2 Cause-and-effect diagram 3 Design of Experiments 4 Network diagrams Question : Utility function is a commonly used technique to find out the tolerance of a project manager towards risk. Some project managers are more averse towards risk than others. All the following are different classifications of tolerance for risk EXCEPT: 1 Risk Averter 2 Risk Seeker 3 Risk Mitigator 4 Risk Neutral

Question : If you would like to find out who will be approving changes in your project deliverables and documentation, you can refer to the: 1 Change Control system 2 Project plan 3 Organization Chart 4 Resource Assignment Matrix

Question : You have recently taken over a new project when the previous project manager resigned. While studying the project information, you find out that cost variances are very severe. To provide a realistic basis for performance measurement, you should recommend: 1 Issuing Budget Updates 2 Revising the cost baseline 3 Corrective action e.g. adjusting schedule activity budgets 4 Closing the project Question : In your project, you have created performance reports to provide the status and progress information to different stakeholders. The results from the performance reports should be compared to the: 1 Project management plan 2 Performance measurement baseline 3 Earned value calculations 4 None of the above Question : You are working in the Project Office of your organization. What is your job responsibility? 1 Managing the operational activities in the company. 2 Always managing Human resource and Risk Management issues for projects 3 Providing support functions to Project Managers in the form of training, software, standardized policies etc. 4 Providing Subject Matter Expertise in the Functional areas of the project Question : If the number of critical paths in the project increases, but the duration of the project remains same, what is the impact on the project? 1 Crashing will be required to complete project on time. 2 Fast tracking will be required to complete project on time. 3 Risk of the project increases 4 None of the above Question : 10 members were assigned in advance to your project team. This pre-assignment could be because of all the following reasons EXCEPT: 1 People were promised as part of a competitive proposal 2 Suitable people came forward and mentioned that they wanted to work on the project 3 Staff assignments were defined in the project charter 4 Project is dependent on the expertise of some of the pre-assigned persons Question : As part of Monitoring and Controlling, project performance must be monitored and measured regularly to identify variances from the plan. All the following are processes involved with controlling EXCEPT:

1 Scope Verification 2 Risk Monitoring and Control 3 Performance Reporting 4 Quality Assurance Question : A management control point can be placed at selected management points (specific components at selected levels) of the WBS above the work package level. These control points can be: 1 Used for rolling wave planning 2 Decomposed further to help in creation of Work Authorization System 3 Used for planning known work content that does not have detailed schedule activities 4 Used as a basis for planning when associated work packages have not yet been planned Question : Your project has 250 people from 5 different countries working to create a software solution which is going to be deployed across 15 countries. Managing your virtual team is a challenge and compared with managing a collocated project, you should spend more time working on enhancing your: 1 Integrated Change Control process 2 Contract Management skills 3 Staffing Management plan 4 Communications Planning Question : In your project, you are in the "Plan Contracting" process, where you are preparing documents needed to support the Request Seller Responses process and Select Sellers process. In this context, you are preparing Procurement Documents to seek proposals from prospective sellers. All the following statements about Procurement Documents are accurate EXCEPT: 1 The buyer structures procurement documents to facilitate an accurate and complete response from each prospective seller 2 Issuing a request to potential sellers to submit a proposal or bid is done formally in accordance with the policies of the buyer`s organization 3 With Government contracting, some or all of the content and structure of procurement documents can be defined by regulation. 4 The term proposal is usually used when seller selection decision will be based on price Question : As a project manager, you must formalize acceptance of the project scope and keep the project focused on the business need that it was undertaken to address. This should be done: 1 At the beginning of the project 2 At the end of the project 3 When required by the Business Sponsor 4 After each phase of the project Question : The project team has added some additional functionality which was not required as part of the project. However the customer is satisfied with the project. From a quality perspective,

1 This is high quality because it exceeded customer expectations 2 This is not acceptable quality because gold plating was done which is not advisable 3 This will mean repeat business from the same customer. 4 None of the above Question : You are the project manager of a project which would do oil-exploration in the ocean. Since you cannot plan for all eventualities, you establish a contingency reserve, including amounts of time, money or resources to handle known or unknown risks. This is an example of : 1 Risk Avoidance 2 Risk Transfer 3 Active Risk Acceptance 4 Improper risk planning since all risks should be identified and accounted for.

Question : You are the project manager for an initiative aimed at releasing a new product in the market. But because of Government Regulation, you will have to make some changes to the project scope and the WBS. Any approved modifications to the contents of the scope statement should be done through: 1 Scope Management Plan Updates 2 Work Breakdown Structure 3 Project Plan 4 None of the above Question : Description of how a project management team should implement the overall intentions and direction of an organization with regards to quality (as expressed by top management) is available in: 1 Operational Definitions 2 Quality Management Plan 3 Checklists 4 Quality Policy

Question : Initiating Process Group consists of the processes that facilitate the formal authorization to satart a new project or a project phase. Initiating processes are often done external to the project`s scope of control by the organization or by a program or portfolio processes which may blur the project boundaries for project inputs. Before beginning the Initiation Process Group, 1 a scope management plan is created to document how the project scope will be defined, verified and controlled. 2 a Project Management plan is developed 3 spceific activities that need to be performed to produce the various project deliverables are determined 4 None of the above

Question : You got news that because of bad weather, your shipment has got delayed by 2 weeks. What should be the first step that you take? 1 Fast Track the project to ensure that the project schedule is not delayed. 2 Review the performance reports to determine which planned dates have not been met, and the impact on critical path 3 Try to get additional supplies from an alternate location as soon as possible. 4 Take corrective action to minimize the impact because of the delay Question : Which of the following documents provides the project manager with the authority to apply organizational resources to project activities? 1 Resource Authorization Document 2 Work Breakdown Structure 3 Project Charter 4 Project Scope Statement Question : Please refer to the following diagram:

What is the status of the project? 1 Behind Schedule, Under Budget 2 Ahead of Schedule, Under Budget 3 Ahead of Schedule, Over Budget 4 Behind of Schedule, Over Budget Question : Your project is very critical for the company and must be completed within 6 months. The project charter has been signed, but Scope Statement is not yet prepared. Management asks you to go ahead with the project without the scope statement being approved. What should you do? (SELECT BEST ANSWER) 1 Refuse to work on the project because management is not following standard Project Management Practices 2 Since time is of essence, you should start the project with the inputs from project charter

3 Meet the Management and mention the problems you will face without a Scope Statement 4 Escalate the issue to the project sponsor and issue a Risk Memo Question : At the end of the Closing Process Group, 1 it is verified that the defined processes are completed within all the process groups to close the project pr project phase 2 it is determined that the product of the project is completed satisfactorily 3 project management plan is written off by the project sponsor 4 None of the above Question : In your project, some requested changes were generated from the Activity Definition process. These changes will be processed through : 1 Activity change control system 2 Corrective Action 3 Integrated Change Control System 4 Activity Sequencing

Question : A planning package is a: 1 Unit of the project plan 2 Unit of the scope management plan 3 WBS component below the control account 4 Template used for the project Question : Please refer to this diagram:

What is the effect on the project if duration of task J is increased to 9 weeks? 1 No effect since task J is not on the critical path 2 Risk of the project will increase

3 The overall time-frame required to complete the project will increase by 1 week 4 None of the above Question : Please refer to this diagram:

What is the slack of task G? 1 0 weeks 2 1 week 3 -1 week 4 Cannot be determined Question : What is the impact to critical path if management wants you to complete the project in 20 weeks ? 1 Duration of Critical path increases by 3 weeks 2 Duration of Critical path decreases by 3 weeks 3 Duration of Critical path remains same 4 Duration of Critical path cannot be determined Question : In your project, you realize the importance of determining the start and finish dates for project activities. If the project start or end dates are not realistic, then the project may not be completed on time. This is done as part of : 1 Activity Sequencing 2 Activity Duration Estimating 3 Schedule Development 4 Activity Definition Question : The process of identifying which products or services can be procured outside the project organization is done as part of: 1 Request Seller responses 2 Plan contracting 3 Contract Administration 4 None of the above Question : You are the project manager for a software project responsible for creating a software tool for your finance department. Once the project is completed, maintenance of the product:

1 Will not be part of the project life cycle 2 Will be included in project life cycle because the same resources will be used for maintaining the product as those who developed the product. 3 May be included in the project life cycle if determined by Management 4 Will become another project Question : All the following are costs incurred to ensure compliance to requirements except: 1 Prevention Costs 2 Appraisal Costs 3 Quality Planning Costs 4 Warranty Costs Question : Please refer to this Decision Tree which shows the analysis of profit/loss for the two alternatives (i.e. to build or buy).

What is the opportunity cost if the project manager decides to build instead of buy 1 - $ 1,500 2 $ 3,500 3 $ 1,500 4 $ 5,000 Question : To define variance thresholds at designated time points over the duration of a project, you will use: 1 Units of measure 2 Precision Level 3 Organizational Procedure links 4 Control Thresholds Question : In your project, if the Benefit Cost Ratio is greater than 1, it means that 1 The ratio of profits to cost is greater than 1 2 The ratio of revenue to cost is greater than 1 3 You should select this project from all other competing alternatives 4 None of the above Question : Earned Value Technique(EVT) is a tool and technique to measure project performance. In EVT, BCWP refers to: 1 Physical work actually accomplished, including the estimated value of this work

2 Physical work scheduled to be performed, including the estimated value of this work 3 Actual cost incurred to accomplish the earned value 4 None of the above Question : A project was expected to cost $ 6 million for 3 months. At the end of 1 month, you use Earned Value as a performance management tool and get the following information:* BCWP = $ 1.5 million* BCWS = $ 2.5 million* ACWP = $ 2.2 millionWhat is the Schedule Variance? 1 - 0.3 Million 2 - 1 Million 3 1 Million 4 0.7 Million Question : In your project, you are now interested in determining the cause of variance relative to the scope baseline and deciding whether corrective action is required. You should use: 1 Configuration Management System 2 Variance Analysis 3 Replanning 4 Earned Value Spreadsheets Question : You have taken information on project scope and resources and then developed durations for input to schedules. Since there was very limited information about the project, you used actual duration of a previous, similar activity as the basis for estimating future activity. What will be a next step after this activity: 1 Using Diagramming Techniques like GERT and Systems Dynamics 2 Calculating theoretical Early and Late Start and Finish dates for all project activities 3 Using Standardized Networks to expedite preparation of Project Network Diagrams 4 Subdividing project work packages into smaller more manageable components for better management control Question : You have taken information on project scope and resources and then developed durations for input to schedules. Since there was very limited information about the project, you used actual duration of a previous, similar activity as the basis for estimating future activity. What will be a next step after this activity: 1 Using Diagramming Techniques like GERT and Systems Dynamics 2 Calculating theoretical Early and Late Start and Finish dates for all project activities 3 Using Standardized Networks to expedite preparation of Project Network Diagrams

4 Subdividing project work packages into smaller more manageable components for better management control

Question : You are doing a Monte Carlo Analysis in which you are defining a distribution of possible activity durations for each schedule activity and calculating a distribution of possible outcomes for the total project. Monte Carlo analysis is an example of : 1 Resource Leveling 2 What-if Scenario Analysis 3 Schedule Network Analysis 4 Critical Path Method Question : Early termination of a contract is a special case of contract closure. This can happen because of (choose the best answer): 1 Default of buyer 2 Default of seller 3 Mutual agreement of the parties 4 Any of the above reasons Question : Your company is going through a financial crisis and has set a pre-defined budget to work with. For your project, a pre-defined budget will become a: 1 Risk 2 Assumption 3 Constraint 4 None of the above Question : Since your quality process was not up to the four sigma requirements desired by your customer, some of your products were rejected, and there is a potential that you would not get repeat business from the same customer. From a quality perspective, the costs associated with your products being rejected can also be categorized as: 1 Cost of conformance 2 Customer retention costs 3 Failure costs 4 Performance cost Question : As part of Risk Management process, you just created an overall risk ranking of the project, created list of prioritized risks, identified which risks need additional analysis and determined trends in risk analysis results. What should you do next? 1 Analyze the effect of risk events and assign a numerical rating to those risks 2 Create a list of identified risks 3 Determine the fundamental conditions or events that may give rise to identified risk (root causes of risk) 4 Note down the list of potential responses to the risks Question : Activity definition involves identifying and documenting the specific activities that must be performed to produce the deliverables and sub-deliverables identified in the work breakdown structure(WBS). All the following statements about the activity list produced as an Output from Activity Definition are True EXCEPT: 1 Activity list must include ALL activities that will be performed on the project

2 Activity list may include some activities that are not required as part of the project 3 Activity list should include descriptions of each activity to ensure that the project team members will understand how the work is to be done. 4 Activity list is used in the schedule model and is a component of the project management plan

Question : All the following are benefits of fast tracking a project EXCEPT: 1 Facilitates Duration Compression 2 Reduces risk 3 Ensure activities are done in parallel which would normally be done in sequence 4 Helps shorten the project schedule without changing the project scope Question : In a make or buy analysis, you will lean towards making the product/service inhouse in all the following cases except: 1 Item under consideration is a capital item which can be used for other projects in the same organization (so, ongoing need of the item) 2 Your organization is going through a slack period and some resources are underutilized 3 The item under consideration is a Proprietary or business critical product which is core business for company 4 Item under consideration is non-core to your business, but your company has the requisite skills for developing the product in-house if required. Question : All the following statements about Work Breakdown Structure(WBS) is correct EXCEPT: 1 It is a hierarchical decomposition of work 2 Planned work contained in lowest level WBS components are also called WBS dictionaries 3 WBS subdivides the project work into smaller, more manageable pieces of work 4 Organizes and defines the total scope of work of the project

Question : According to the 80/20 rule, 80 percent of the problems are because of 20 percent of the causes. To facilitate finding out which are the most probable defects, and to evaluate nonconformities, you do a rank ordering of the defects using: 1 Statistical Sampling 2 Control Chart 3 Pareto Diagrams 4 Inspection

Question : In your project, there is:* 25% probability for $ 25,000 profit* 50% probability for $ 40,000 profit* 25% probability for $ 100,000 profit

What is the Expected profit in your project? 1 $ 40,000 2 $ 50,000 3 $ 51,250 4 $ 53,750

Question : You have scheduled a contractor conference after 2 days with potential contractors to discuss a procurement. Today, you were informed by Management that there is a very high probability for the project to be cancelled. You should 1 Cancel the meeting 2 Go ahead with the meeting but inform the contractors that the project may be cancelled 3 Go ahead with the meeting as usual 4 Wait for 2 days until the meeting, to see if there is a change in status of the project. Question : In schedule development, you create a distribution of probable results for each activity and use it to calculate distribution of probable results for the total project. The technique that you are using is: 1 What-if Analysis 2 Mathematical Analysis 3 Monte Carlo Analysis 4 Resource Leveling heuristic Question : You are the project manager managing the setting up of an oil rig in the Pacific Ocean. Which of the following could be a valid constraint when you are doing human resource planning for your project? 1 Weak matrix organization structure 2 Unlimited budget since the project is very critical to meet compliance needs 3 Oil price increasing above $ 60 per barrel 4 None of the above